The Internal Revenue Service headquarters in Washington. (Bloomberg)
The Internal Revenue Service headquarters in Washington. (Bloomberg)

Evangelical groups try new IRS strategy that keeps salaries hidden

Several evangelical organizations have shifted from a nonprofit status to a “church” classification with the IRS, allowing them to stop reporting the salaries of their highest-paid workers and other spending details.

Facebook is ordered to hand over data about thousands of apps that may have violated user privacy

A Massachusetts judge rejected the tech giant's attempt to withhold the evidence from state officials investigating its privacy practices.
Sunday Business
(Bill O'Leary/The Washington Post)
(Bill O'Leary/The Washington Post)

Trump’s China tariffs have not caused Americans to pay $1,000 more a year. Here’s why.

U.S. companies absorbed most of the costs of Trump's tariffs, which is why consumers haven’t seen excessive sticker shock at stores.
Perspective

Next president is unlikely to influence stock returns

History shows there is no correlation between a successful candidate’s pro-business sentiments and subsequent market performance.
  • 2 days ago
Electric taxis at a charging station in China. (Qilai Shen/Bloomberg)
Electric taxis at a charging station in China. (Qilai Shen/Bloomberg)

The next China trade battle could be over electric cars

For all the success China has had conquering other industries, it has never really mastered the art of manufacturing traditional cars. But the EV era means China has another chance.
Perspective

A simple tweak could tell us how much tax America’s largest companies actually pay

Even with the required SEC disclosures, it’s nearly impossible to figure out how much tax companies pay in any given year. But there is a fix for that.
Prosecutors asked a federal judge to sentence Collins to 46 to 57 months in prison, the top end of the sentencing guidelines. Collins’s attorneys are pleading for leniency and probation.
Proposed new rules would allow schools to cut the amount of vegetables and fruits required at lunch and breakfasts while giving them license to sell more pizza, burgers and fries to students
The re-compete notice comes after the U.S. military’s primary food supplier for four Middle Eastern countries was allegedly evicted from a warehouse in Kuwait, facing political pressure there.
Trump’s trade war and Boeing’s problems took a toll.
Americans’ overall happiness is the lowest it has been since 1948, polling shows.

The bills show how momentum is building for long-neglected economic issues at the state level, as well as an increasing willingness to rein in some of Silicon Valley’s most talked about companies.
The decision comes as the Senate prepares for President Trump’s impeachment trial.
American Outdoor Brands says James Debney had “engaged in conduct inconsistent with a nonfinancial company policy.”
The 30-year fixed-rate average barely moves up, to 3.65 percent, following phase one of the trade deal.
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